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Analytics and Market news

Tuesday, 27 December 2011

Asia slows down the growth

IC IFG CAPITAL, Alexey Sidorov

Domestic stocks opened the week with a weak trade without any special idea. Trade in Europe and the USA was not conducted, so Russian RTS index became the main guide for UX index. In the middle of trade the information of decrease of assets volume, deposited in AUSD for securities agreements keeping, lead to the local fall of index. But at the end of trade indicator stepped to the positive territory again affected by positive from Russia. Trade activity on the market of applications tested another minimum. The majority of shares of UX index basket were traded in the green zone.

By analyst of IC IFG CAPITAL Alexey Sidorov, the news for opening is bearish. Quantity of unemployed in France reached record indicators during the last 12 years. China expects the slowdown of industrial manufacture growth in 2012 to 11% from forecasted 13.9%. Industrial companies of China showed the slowdown of profits growth speed in 11 months 2011.

Asian stock indices show the slowdown, affected by negative forecasts of economists and macro-economical statistics. Chinese SSEC, Japanese Nikkei, Korean KOSPI lost by 1.09%, 0.46%, 0.78% respectively. Moreover, it is worth to admit he pessimistic outlook of Japanese Central Bank concerning the “growth of risks for country’s economic growth” and consumer trust index decrease of South Korea in November to the minimal during the last three months.

EUR-USD exchange rate and Brent oil price give bullish signs. Euro and stock assets (and the pressure to dollars rate) are supported today by the decision of China and Japan to use national currencies in mutual exchanges.

Russian RTS index opened the day in the red zone.

Negative external background was formed on the opening.

The Futures for UX – UX-3.12. Technical analysis.

On the 4-houred timeframe the price placed above the Parabolic indicator. Oscillators keep the signs to buy. The trend is lateral.

On the quarter timeframe the price placed above the Parabolic indicator. Oscillators do not give the univocal signs. The trend is lateral.

Analytical department of IC IFG CAPITAL forecasts index and futures decrease by the results of the trade session.

IC IFG CAPITAL, LLC

Alexey Sidorov

ik.ifgcapital.com.ua
www.ifgcapital.com.ua



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